A depository receipt
A. is a non-negotiable instrument
B. represents shares issued in local currency
C. is issued by custodian
D. is issued for safe custody of articles
Answer: Option B
Solution(By Examveda Team)
A depository receipt represents shares issued in local currency. A depositary receipt (DR) is a negotiable financial instrument issued by a bank to represent a foreign company's publicly traded securities.This Question Belongs to Management >> International Finance And Treasury
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